Global Beating Heart Stabilizers Market - 2023-2030

Overview

Global Beating Heart Stabilizers Market reached US$ 221.2 million in 2022 and is expected to reach US$ 328.3 million by 2030 growing with a CAGR of 5.2% during the forecast period 2023-2030. The trend such as the shift towards robotic-assisted stabilization that aims in enabling surgeons to perform complex procedures with enhanced precision is expected to dominate the global beating heart stabilizers market.

The global beating heart stabilizers market has grown significantly in recent years and is projected to continue on its upward trend. The market is undergoing a transformational period, influenced by several significant trends such shift towards advancements in image-guided stabilization, and smart and adaptive stabilization.

Furthermore, the rising prevalence of cardiovascular disease, increasing advancements in treatments, growing preference for minimal invasive procedures are driving up the beating heart stabilizers market size. The growing geriatric population and presence of establish medical device companies are some of the factors in demand in the North America region. With significant competitors like Terumo Cardiovascular Systems Corporation, Medtronic, Getinge, and others actively operating in the market.

Dynamics

The Increasing Preference Towards Minimal Invasive Procedure to Drive the Growth of the Beating Heart Stabilizers Market

Minimally invasive surgical techniques are becoming increasingly prevalent in cardiac treatments such as minimally invasive coronary (heart) artery bypass due to their potential to lessen trauma, speed recovery, and reduce postoperative discomfort. For instance, according to Cleveland Clinic 2022 article, CABG (coronary artery bypass grafting) surgery is very common, with about 200,000 such procedures happening every year. Beating heart stabilizers, which provide a stable surgical field through fewer incisions, are critical in supporting these techniques.

Beating heart stabilizers are critical in allowing these procedures by delivering a stable surgical field through fewer incisions. Surgeons and patients alike look forward to these approaches because of their potential to reduce hospital stays, improve surgical precision, and reduce the risk of complications. Thereby, driving the market over the forecast period.

The Rising Prevalence of Cardiovascular Diseases will Drive the Beating Heart Stabilizers Market Growth

The rising global prevalence of cardiovascular diseases, such as coronary artery disease and heart valve disorders, is fuelling a surge in the demand for beating heart stabilizers. For instance, accroding to Centers for Disease Control and Prevention 2023 report, in 2021 coronary heart disease is one of the most common type of heart disease leading to killing of 375,476 people.

As these conditions worsen to an extent that may lead to surgical intervention, the necessity for appropriate treatment techniques becomes essential. Beating heart stabilizers play a crucial role in this situation because they give the required stability throughout complex cardiac procedures by reducing the heart's continuous motion. This stability is very important in assuring surgical precision and reducing complications. Thus, owing to the increasing prevalence of cardiovascular diseases the market is expected to drive over the forecast period.

The High Cost Associated with the Beating Heart Stabilizers Will Hamper the Growth of the Market

The high cost of beating heart stabilizers is a significant limitation for the beating heart stabilizer market, due to factors such as the initial costs of purchasing these stabilizers and the continuous costs of maintaining them, which can be fairly significant. For example, the Medtronic tissue stabilizer costs roughly $559.00 per unit for standard beating heart surgery.

This financial burden can operate as a barrier, preventing many healthcare settings from adopting these advanced surgical devices into their surgical practices. As a result of all of these factors, the market is expected to experience significant constraints throughout the forecast period.

Segment Analysis

The global beating heart stabilizers market is segmented based on product type, application, end user, and region.

Owing to the Wider Applications, the Vacuum-Based Beating Heart Stabilizers Segment Accounted for Approximately 38.4% of the Beating Heart Stabilizers Market Share

Vacuum-based beating heart stabilizers segment is expected to domiante the market. As these medical devices are used during off-pump coronary artery bypass (CABG) surgery to provide access, stability, and precision for the surgeon. These devices use vacuum suction to stabilize the target vessel or tissue on the beating heart, allowing the surgeon to perform the procedure without stopping the heart or using a heart-lung machinex

Viper I Vacuum Stabilizer is used with the Chase Medical FasTract Sternal Retractor to provide access, stability and precision for beating heart surgeries. Moreover, advancements in technologies are increasing the segment growth. For instance, in Medtronic's Octopus tissue stabilizers epicardial tissue could be stabilized using vacuum-assisted technology as standard for beating heart therapies and can be paired with cardiopulmonary bypass (CPB) to further support the patient during cardiac surgery. Thus, due to better overall application the segment is expected to dominate over the forecast period.

Geographical Penetration

North America Accounted for Approximately 39.7% of the Market Share in 2022, Owing to the Increasing Elderly Population

The growing elderly population in North America is expected to play a critical role in driving market growth. With an increasing proportion of the population reaching old age, there is a growing prevalence of cardiovascular diseases and related diseases that require medical intervention. For instance, according to Cleveland Clinic 2022 article, the average age for people to undergo coronary artery bypass grafting (CABG) surgery is around 66 years old, among which 72% of the people who undergo it are men.

Furthermore, according to United States Census Bureau 2023 report, The U.S. older population has reached 55.8 million or 16.8% and ages over 65 in 2020 and has grown five times faster than the total population over last 100 years. As the aging population needs more cardiac treatments, the demand for beating heart stabilizers, that assist in enhancing the efficacy of these surgeries, is expected to drive the region over the forecast period.

Competitive Landscape

The major global players in the beating heart stabilizers market: Terumo Cardiovascular Systems Corporation, Medtronic, Visionary Medtech Solutions Pvt. Ltd., Getinge, LivaNova PLC, Guidant Corporation, HTKD Medical, and among others.

COVID-19 Impact Analysis

The COVID-19 pandemic has had a substantial influence on the healthcare business, particularly the market for beating heart stabilizers. The delaying of elective operations during the pandemic's peak decreased stabilizer demand while resuming surgeries for COVID-19-recovered patients raises concerns about changing patient profiles, increased cross-infection awareness, and a preference for less invasive treatments.

Stabilizer sterilization standards become critical, and research may target reducing inflammation and immunological responses in these people. Supply chain disruptions and a greater emphasis on patient safety shape the market even more. As cardiac procedures gradually resume, physicians and manufacturers need to collaborate together to handle the complications posed by COVID-19, assuring effective surgeries while prioritizing patient well-being.

By Product Type

• Vacuum based Stabilizers
• Mechanical Stabilizers
• Others

By Application

• Coronary Artery Bypass (CABG)
• Congenital Heart Defect Surgeries
• Atrial fibrillation surgery
• Others

By End user

• Hospitals
• Specialty Cardiac Centers
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico

• Europe
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Rest of Europe

• South America
  • Brazil
  • Argentina
  • Rest of South America

• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific

• Middle East and Africa

DMI Opinion

The global market for beating heart stabilizers has grown significantly and is likely to continue due to factors such as developments in cardiac surgical techniques and demand for minimally invasive procedures. The expanding prevalence of cardiovascular disorders, together with the increasing need for therapies, is driving the demand for stabilizers that allow for more precise and less invasive procedures.

Furthermore, the high cost of these devices is one of the challenges. Vacuum-based stabilizers, which provide versatility in off-pump procedures, are likely to dominate the market. Geographically, North America dominates, owing to an aging population and rising healthcare costs. Terumo Cardiovascular Systems Corporation and Medtronic are key competitors in the competitive landscape.

Why Purchase the Report?

• To visualize the global beating heart stabilizers market segmentation based on product type, application, end user and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of beating heart stabilizers market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping is available in Excel consisting of key products of all the major players.

The global beating heart stabilizers market report would provide approximately 53 tables, 54 figures and 195 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies